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in los angeles thanks. >>> hundreds of volunteers who you are ared to new york after superstorm sandy are settling into their home away from home. when they are not helping with recovery efforts they are recouperating on the uss wright. it is equiped with sleeping quarters and a common area. anna is live with an inside look. >> hello everybody at home. finding space for the thousands of volunteers who stepped up in the aftermath of superstorm sandy has proven to be a tall order. that's where this ship comes in, the ss wright. it is now home away from home for a couple hundred volunteers from the american red cross and fema core. they are staying together and eating together and playing games and watching sports together, yet it is in patriotic living quarters. and they are manning the 27 disaster recovery centers set up in the tri-state area. many are young and even just right out of high school. it is an interesting dynamic as many of the red cross volunteers are older. retired health care workers. it can be trying. being around storm victims and devastation at times is emotionally e
rate falling to 7.7%, the lowest since december 2008. there had been concern that is hurricane sandy could afblingt the numbers bit only had a minimal effect. employers added fewers jobs in october and september than initially estimate pped and the unemployment rate fell mostly because more people stopped looking for work. earlier today on capitol hill john boehner commented on the fiscal cliff negotiations with reporters. >> this isn't a progress report because there is no progress to report. when it comes to the fiscal cliff that is threatening our economy and jobs the white house has wastde another week. secretary gitener came here to offer a plan that had twice the tax hikes that the president campaigned on and had more stimulus spending thanned the in cuts. and an indefinite increase in the debt limit like for ever. now four days ago we offered a serious proposal based on testimony of president clinton's former chief of staff. since then there has been no count offer from the white house. instead reports indicate that the president has adopted a deliberate stradgeji to slow walk
. >> the democrats are not so optimistic about new jersey. they are optimistic about virginia. sandy seemed to be pretty good thing for chris christie. >> the attorney general who typically in virginia waits his turn and then ms. of tulips and the governor has decided to run for governor. -- and then goes up for governor has decided to run. he is not happy about this. he is thinking about running as an independent. that would all but guaranteed the former democratic national committee chairman of the governor of virginia. if you had some of the five years ago i would probably have called you nouts. >> wisconsin, scott walker is coming out of the successful recall. he has talked about as a very high presidential hopeful for 2016. president obama have a pretty sizable victory in wisconsin last month. i suspect the democrats will want to beat scott walker and get him out of the mix for 2016. >> to be continued. erin mcpike, reid wlison, thank you for being with us on "newsmakers" this sunday. [captioning performed by national captioning institute] [captions copyright national cable satellite c
-on embrace of president obama for helping sandy-ravaged new jersey came days before the election and had no noticeable effect on the presidential race but some republicans think christie didn't have to be that -- >> if it's a legitimate rape, the female body has ways to shut that whole thing down. >> a combo team from the say what categories, richard murdouch of indiana and todd aiken. >> even when life begins in that horrible situation of rape, it is something that god swended to happen. >> dreams to take control of the senate in 2012 had dwindled throughout the year but aiken and murdoch pretty much shut that door in a couple of sentences. plan to prevent employers from hiring undocumented workers. >> people who have come here illegally won't be able to find work and over time those people would tend to leave the country or self deport. >> self deportation by undocumented workers was not by itself responsible for romney's dismal showing among hispanics, but certainly greased the skids. for which romney would have liked to have had aa mulligan, there was this. >> 47% of the people who w
in for the day. lawmakers will continue work on a relief package for states affected by hurricane sandy, and funding for victims. we're expecting retiring senators kay bailey hutchison and jon kyl to come to the floor to give their farewell addresses. we could also hear more tribute speeches to why senator daniel inouye who passed away on monday. it was announced yesterday he will lie in state and u.s. capitol rotunda for public viewing thursday. and now live coverage of the u.s. senate here on c-span2. the presiding officer: the senate will come to order. the chaplain dr. barry black will lead the senate in prayer. the chaplain: let us pray. o god of love, may your presence fill our lawmakers with your wisdom and power. may your wisdom lead them away from the pitfalls of delayed obedience so that they will seek to promptly do your will. make them a source of strength direct their actions, motivate their hearts, as they seek to begin this day with an unreserved commitment to you. god, give them your supernatural power, wisdom and guidance. for you know them, their needs, their motives,
, outside the wake of sandy hook elementary principal dawn hochsprung. and there was this. hundreds of firefighters standing at attention at the funeral of 7-year-old daniel barden, who wanted to be one of them when he grew up. today, vice president joe biden will begin meeting with law enforcement officials to discuss how to prevent another tragedy like newtown. we're going to have more on those talks coming up in just a moment. >>> and new concerns about marijuana and prescription drug use among teens this morning. a new survey finds 23% of high school seniors now admit smoking pot in the last month alone. 7% say they smoke it every day. and 1 in 12 teens now admits to using the stimulant adderall, which treats attention deficit disorder. a significant increase from just three years ago. >>> and finally, a $500 million mystery this morning after a whole lot more than a prayer was left at jerusalem's holiest of sites. a visitor at the famed western wall found an envelope, you guys. it was filled with more than 500 checks, each written for $1 million. the checks were signed but not
in the recovery effort as super storm sandy struck the east coast. cuomo issued a statement part of which reads quote: we as a community mourn they're loss as two more families must spend the holidays without their loved ones. david lee miller in our new york city newsroom with more on this. david lee, what more do we know about the gunman at this hour. >> william spangler was an ex-con. he beat his own grandmother to death back in 19 0. at the time he was charged with second degree murder but he pled to manslaughter. he was released from prison in 1998. until six years ago he was on parole. the local police chief said today that spangler's criminal past raises serious questions about how he obtained firearms. >> spangler was a convicted felon so it doesn't -- you know, he is not allowed to possess weapons. so, you know, did he legally possess those weapons? no. we have had all kinds of weapons larcenies in town and around the county and in wayne county as of late so i don't know where those weapons came from but we are certainly going to find out. >> there is still no known motive for the ram
as we remind you, thises the number you want to see fall. hurricane sandy's impact continues to slowly but surely subside. we had weekly jobless claims dropping by 25,000 last week to a seasonally-adjusted 370,000. the week's prior total was revised upward to 395,000 from 393,000. and treasury prices rising today, pushing yields back down to their lowest level in more than two weeks. look at this pathetic yield on the ten-year note. it fell two basis points to 1.57%. you're not getting a lot of return there. david: which is why some people are putting their money in stocks. we have all this covered. we have til mulholland in the pits of the cme. we have a street fight. jeff believes there will be a fiscal cliff resolution. david wright, on the other hand, thinks d.c. will avoid the cliff, but it will not stop the bears from coming around this time. let's start with tim at the cme. and, tim, we were talking about what a low yield you get now on treasuries. people are looking for some kind of yield, and the only place you're finding it is in the stock market. >> yeah, that's true. you al
for their slow response from superstorm sandy and getting power turned back on for those residents who were in the dark and the cold for a couple of weeks. our plans changed a little bit last night. we decided to spend the night in clarks summit because the road conditions deteriorated and we didn't want to go farther north. the borough president told me their snow totals were down last year and they were able to stockpile some of the salt from the roadways last year and that's what they're using for this storm. council president says they're happy this first snowstorm of the season hasn't been a major blizzard for them. >> we're on a good track this year and, you know, the weather, you take what you get. and, we're going to make lemonade out of it i guess. >> reporter: and for holiday travelers trying to make it home this weather has really thrown a wrench into their plans. a jetliner in pittsburgh actually got trapped somehow in the snow on the tarmac. as far as cancellations go, there were 1600 of them yesterday. more than 500 already today. and the airports in newark, new jersey, and al
shopping season is going so far. we know that those november retail sales reflected sandy and some other one-time issues. what do you think really is happening behind the scenes in terms of what's happening for holiday shopping? >> well, i think it's the same story every year. the promotions start early, black friday's always a big weekend, this year was no different, and it depends on who you listen to nrf was very optimistic about the estimates, gallup was not so much, and then the sandy-related numbers. there are clear winners and losers here. it's the sandy blameathon, clearly, but some of the winners and losers walmart and limited. >> walmart and limited. who do you think is in trouble. we saw gap shares down by 7%. is that a reflection of the dividend they won't be paying or the special dividend. is there something more with what's going on with stores there? >> well, i think everybody's nervous now, certainly. again, after you saw the tough numbers in november, the question is, do retailers get nervous? do they press the pedal in terms of more and more promotions? gap yesterday wa
. but this idea that retail is soft, was it the fiscal cliff? was it sandy? was it some sentiment that came out of the newtown tragedy? it's hard to say. >> but it may be a combination of all of those. we got a sense from the guests we brought on earlier this week, on monday, that it was not a great holiday selling season, as we ended the last day before christmas. and all those may be the reasons, carl. i'm positive i didn't think people really understood the fiscal cliff. i may have been wrong. perhaps it was something that weighed on people's minds. the weather always at issue. it could actually have been warmer weather as well that contributed. we've had some analysts say that because people don't feel they have to go out and buy a coat. >> because it will never get cold again. >> except today, when it's 28 degrees. we'll see how after christmas does. internet also, it doesn't appear as online sales are up as p as anticipated. and perhaps they made up for the loss of the brick and mortar. >> you were pointing out before the show, luxury was not immune to this. you would think it would be mo
sandy victims. paul mccart nears bruce springstein and the rolling stones among those who will perform at msg. >> shepard: i have been informed that a lot of people apparently love the number 12. >> and for a split second today, it was 12-12-12, 12:12:12. there are 12 signs of the zodiac, 12 months of the year. 12 hours on a clock. 12 inches in a foot. 12 disciples. 12 gods of olympus and don't forget the 12 days of christmas. it's also a master number. listen. >> my master number, it means it's a spiritual number. not like hail mary or our father in church, but that it's pertaining to the spirit of the time. now, and it's good luck when numbers repeat. >> not sure if there is a catholic code in the 12-12-12 thing, but the hope sent out his first tweet today on 12-12. >> shepard: a lot of blessings with it. trace gallagher, thanks a lot. it seems a lot of people were interested in learning more about super storm sandy this year. google reports more folks wanted to know about the korean performer who dances like he's riding horseback. psy could not knock whitney houston from the top of
from sandy, at the beginning of november, there was a lot to make up as we got throughout the course of november. but black friday came back nicely. we actually think that it's more going to affect some of the lower income consumers as you look back at the consumer confidence numbers than the higher end special names. we think it will hold it pretty well throughout the season. >> speaking of high end specialty names, you do favor coors and lululemon, those are some of the highest retailers out there. what do you see coors doing right? what sorts of sales numbers do they need to see this season to justify the valuation? >> they're at about 27 times. which given the kind of growth rate they've seen, i don't think it's all that expensive. the same-store sales were 25% last quarter. don't see that slowing even though we have modeled in a slowdown from that. not just at their retail stores, where they have a lot of room to open more stores. at the wholesale accounts, the big department stores, they're seeing incredible sales increases. they're putting in these shops that triple the busine
, and aftermath of hurricane sandy. fema's administrator craig fugate is expected to testify. andrew cuomo testified yesterday. they have requested $79 billion for rebuilding projects. >>> lawyers for george zimmerman have released this photo which they say was taken the night that he shot and killed trayvon martin. this picture isn't new but it's a higher quality colored version of one that's already been released. the image was recently turned over to the defense. zimmerman claims he shot martin in self-defense. >>> flu season is under way and it could be a bad one. suspected flu cases jumped last week and this year's strain is making people sicker than others. now, here's the good news. this year's vaccine is well-matched to the virus and should take care of 90% of the flu cases. >>> a rare positive side effect to hurricane sandy, the auto industry reports that cars have been flying off the lots. mandy drur ree is here with what is moving your car sales. >> car sales rose 15%. you were saying it. we had to see a lot of replacement of cars and trucks damaged in the hurricane. but at the
it from happening again. mr. tonko: sure. absolutely. you know, the impact of sandy, representative garamendi, comes on the heels of last year's storm with irene and lee. a double whammy. that impacted several counties that i represent. and upstate new york was devastated. it was the loss of life, of lives. there was destruction to the public infrastructure, many businesses, farms and housing were destroyed. tremendously so. and the need to rebuild became very apparent. this year with sandy, the same sort of impact, this time in a very densely populated region of new york city, long island, and the southern portions of new york state. and so i think it's a stark reminder, a very real example, a very painful outcome that speaks to the need of investing, investing in our infrastructure. and so as we go forward there's also an opportunity to improve upon what existed at the time of these storms. for instance, in the energy networks, utility networks, we can do state of the art. we have taught other nations how to build those systems. it's time to do nation building at home. and i think
the issue of the katrina spending, or sandy spending, the president has spoken time and time again, we need additional stimulus of spending. we saw how well that has worked out the last couple of times, $700 billion, $800 billion spent and not producing any jobs. that's the problem. when the government spends money, and a lot of these other infrastructure investments and stimulus, it takes from the private sector, not creating jobs. if the government is able to spend this money better than a private sector, i have a problem with that. >> i just came from michigan. there's been a resurgence of the auto industry. there was federal money that went into it. without federal money, chrysler and gm would have gone bust. >> the liquidity. like aig -- >> exactly. let me finish. you talk about it's all wasted. that's not true. that's not true. some of it is well spent. and i think you should answer your question. sandy, not named after me, had a major impact on the east coast. there's been a request for help from the federal government. i'm all in favor of accountability. >> but did you have accounta
't addressed the aid for sandy. it's now been six weeks after sandy and nothing has been done on that front. >> the gears move slowly, but the aide for andy will pass. it's just a question of when they get it done. and, of course, because that involves additional spending, that factors into the debt limit in the fiscal cliff negotiations, as well. >> john, do you know what is available to the president administratively, not legislatively in terms of gun regulation? >> first of all, all the issues related to enforcement of existing laws. >> what mayor bloomberg said is it was illegal weapons at that point that he was talking about. >> 77,000 for seven lives of something. would the gun lobby argue for astringent background checks for mental illness? >> probably. it depends on how it's framed and how it's enforced. but, you know, they've taken a pretty doctrine-aire view towards opposing anything under the nose under the camel's tent. feinstein is now going to reintroduce that bill. she passed it in the clinton administration. when it expired in 2004, george w. bush was president. he was nomin
for hurricane sandy. the sold-out show lasted nearly six hours and was said to have reached an audience of two billion, with a b, people around the world. it was broadcast over tv, radio, internet, quite a night if you were lucky enough to have a ticket. i was actually at another charity dinner where they auctioned off tickets to this event with a car waiting outside and some very generous person spend $19,000 and bought the tickets. >> not that much. >> 19 you think is not? >> i thought there were tickets earlier that were going for more than that, also. >> it was an extraordinary concert for an extraordinary situation. and -- >> it will be interesting to see how much money -- >> we'll probably find out soon enough how much money was raised. >> 12-12-12. and we're all still here. >> someone told me at 12:-12-12 and at 12:12, i called penelope. i wanted to be on the phone for that moment. i thought it was very row mant ek. you didn't do that. >> i didn't. >> it's really not 100 years. it's 88 years. was she laughing about that? >> she was. >> she's a big viewer. so she knew 100 years, you coul
us wet. what the hell was that? >> that's from my upcoming benefit for victims of hurricane sandy. i booked the strongest, smartest comics i could find. my comedian friends and i will raise money to rebuild homes and lives one laugh at a time. >> awe damn, the lights are out! you know what? i'll watch a little television until they come back on. >> only on current tv. >> eliot: on the 18 -- only 18 days remain until we go over the so-called fiscal cliff and with congress once again heading home after another grueling two-day work week, president obama met once again with speaker boehner. while the president keeps talking about revenues, speaker boehner focuses on expenditures and it is hard to tell if any progress is being made. the main sticking point remains over the issue of tax rates for the wealthy. but according to a recent poll, 76% of the country including 61% of republicans agree that raising tax on the wealthy should be part of any fiscal deliver deal. for more, let's bring in edward kenard, former partner of bain capital and perhap
this christmas season. >> brian: super storm sandy couldn't wipe out his home but something else did. >> she said to me. are you sure your house is gone. you misplace a pen and pencil but not a house. >> gretchen: how the entire house vanished."fox and friendst now. ♪ ♪ "fox and friends". >> steve: a house is something that is not easy to misplace. if you leave it there, you come back and it is there. >> gretchen: you hope that happens. we'll fill you in on the details. in the meantime what happen in a phone call. a lot can happen, right. you can get in fights and agreements and compromise. hum, i am not so sure that happened in the phone call between speaker of the house john boehner and president of the united states, barack obama. did they come to a conclusion. it is now the president's turn. >> brian: it is a week since the president and speaker talked. i do not know at of this moment who called who. >> steve: we know no details. >> brian: it is good there is no details. i just talked to the president and he's not listening to me . i talked to the speaker and he dug in. that is a good sig
]. >> they spend on their pets. one name we have not mentioned yet, bed bath & beyond, sales fall short and sandy keeps getting blamed. >> it is decelerating. people feel it is amazon or sandy. now getting cheap. 55, 56, i would not sell it. i feel like in the end, [ inaudible ] [ bell ringing ] there they are, at the opening bell. top of your screen is the s & p 500. down at the exchange, pet care brand u can tube in ba and canine companions for independence providing highly trained dogs for people with disabilities.ompanions for inde providing highly trained dogs for people with disabilities. >> intercontinent, ice, a day -- what happened? there's a dog up there. >> what's the question? >> we used to -- the bell used to be big companies ringing. i mean, is this an anachronism, david? >> you want to come back to this? >> 200-year-old company gets bought by a 12-year-old company. is mr. mcdonald there? i don't see him. maybe is there a little irony here, going for an ironic touch. >> looking for significant cost savings in this merger. we have been saying 450 million. we take a look at dogs. 150
sandy, that was a natural disaster, to think that all this really is man made, still boggles the mind. >> sickening. especially with claims back to 350, decent number this morning. >> there is a little bit of interpretation to that. to think that the government, federal government certainly was closed on monday and tuesday, some of the state government was closed for both days, one of those days as well, saying maybe it came in a little bit light. some interpretation but funny to see all the headlines crossing this morning saying the futures were moving based on claims or the treasuries based on claims numbers and not what was going on on the fiscal cliff. >> a crummy start to the year we get a fourth strike on top of all that, true. >> not such a crummy year for japan. japanese stocks rallying you can the yen continuing its slide against the dollar in all the major currencies, in fact. asian markets mixed overnight trading. the nikkei climbing to a closing level not seen since just before the march 2011 earthquake, marking a third day of gains, mostly drive bine hopes for a new stimu
disasters from the united states, $25 billion from superstorm sandy alone. >> nike capital agreed in principle to be acquired by getgo on the cash portion of the bid. knight capital agreed. the cash portion a prior bid increased. $3.75 a share and knight ceo, tom yois, would have been the chairman, instead be executive chairman. our guest in the first hour, one of wall street's most successful value investors continues to deliver for his clients. his fund is up 30% this year. joining us now, lee cooperman, chairman of omega advisories, delivering alpha advisory board and speaker, something we put on every year. i can hear all this stuff, i guess it was greatly exaggerated, the demise of investing and investing in general, and you can only get 5 or 6% if you're lucky and here you come in this past year with 30%. >> the year is not over. 7 1/2 trading days left and we're watching it closely. >> you've basically done this by staying positive for most of the year. >> positive most of the year and continuing mildly positive now, less positive than we have been. >> really? why on earth
tragedies like the one at sandy hook elementary school and aurora, colorado, they thought people should know which hopes are armed. but did the newspaper go too far? our legal panel will weigh in. very interesting question. kelly: a very, very special christmas lesson this little boy will never forget. >> my dad and hang out with the guys because obviously this is what i want to do when i'm older. kelly: what he was doing on christmas morning while the rest of his friend were at home opening presents. jamie: good kid. kelly: yeah iti price rewind. because your daughter really wants that pink castle thing. and you realldon't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it findone, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. kelly: well there are some stories that we're tracking for you right now. a new warning for survivors and families of vi
today. could the legislation throw the state into turmoil? we'll have response from sandy levin. >>> you heard about the fun and dysfunction. actor ed burns will talk to us with his movie "the fitzgerald family christmas." all that on "starting point." >> thanks soledad. >>> 43 minutes past the hour. both sides got the memo. everyone quiet as a mouse on capitol hill. when it comes to the looming fiscal cliff crisis, that's a good sign. in 21 days, we go off the cliff and that means drastic tax hikes and spending cuts. congress scheduled to break for the holidays on friday. two sides talking behind the scenes and for a change, all of the posturing and finger pointing has died down, at least for now. shannon travis joins us live. what are you hearing, if anything? >> we're hearing that as you just mentioned, that they are talking, but that's all we're hearing, that's a good sign, that they are talking at this point. i'll read a statement from john boehner's president secretary. "discussions with the white house are taking place, but we have no detail to share about the substance of those c
by hurricane sandy. man, do those people need and deserve the help. still dealing with it. >> i had a congressman from new jersey on, and it was really interesting to me. i said, you've got to then. don't you want to help jersey? he said, i want accountability. but i said, isn't it important to put money in people's pockets? he said, no, i want accountability. i said, man, you're in jersey. boy, it's bad down there. >> terrible. >> we've seen dell and hp do relatively well over the past week. citi comes out, cuts their forecast on industry growth. they were at minus 1, they go to minus 3. reiterate their cell on dell, hpq. although they it rate buying on nova. >> he's a board member of hewlett-packard. >> michael, dell had good things to say, $5 billion away from pcs. these are regarded as pc stocks. pc, pc, pc, no. >> but as a trade, there is this notion perhaps that with whitworth on the board that there could be change from within. should meg whitman not be an attraction she needs to gain over the course of the next year or so? therefore, it will result in some change at hewlett-
speaker, the sandy hook elementary school tragedy is sparking a national debate about how and why this happened and how it might have been prevented. that debate is understandable and needs to happen. in the coming weeks, congress will be called on to react. questions have already arisen about guns and school safety and emergency preparedness. but these concerns and debates may bypass altogether some of the deeper, more difficult issues involved like what we grappled with after the tragic shootings of young people at columbine high school and on the virginia tech campus. what we must do, what we must do is to be honest. yes, there were guns involved, yes there are issues of school safety. and yes there was a collapse of mental health intervention. but i have not heard a significant discussion of the broader cultural context in which this and other tragedies have happened. all of these tragedies happened against a backdrop of a culture that increasingly devalues and degrades human life. graphic acts of violence and inhumanity pervade popular culture, entertainment and other venues
the economic impact of hurricane sandy at $40 billion. >> can you believe that? $40 billion. it's astounding, every day the suffering continues. >> governor chris christie is expected to come to washington to press his case. both christie and andrew cuomo are asking for full compensation. the white house is expected to ask congress for more money to cover the cost of disaster response and recovery from the storm. and helping to boost auto sales, giving the industry its best numbers in four years. analysts are optimistic the trend will continue as cars on the road, age and need replacing. ford plans to up its production by 11%, convinced that consumers will continue to buy and as we know have been on the cutting edge of growth. they really have. >> we have senator coburn, form er national security adviser dr. brzezinski and senator claire mccaskill. >> that's a great show. ♪ you are my sunshine, my only sunshine ♪ ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians
for sandy on the east pork inhere's a lot of that. call your delegates. my question to you, in regard to what i've heard on president obama in regard to social security is trying to incorporate changes cpi -- chained cpi. a person would pay $1,200 more in one year and over. 30 years, $28,000. could you go in depth on that for me? guest: there are different ways of computing the consumer price index. one of those is to change how much we saved for food and shelter and so forth for the proportions of the previous year as opposed to a base year. that gives you a somewhat lower rate of inflation. economists would argue that is more realistic and a fairer way to index and the government benefits. i have a problem with that. as an economist, i'm interested in perfection of measurement. as a guide u.s. to operate in washington, i am also concerned with equity. older folks really have a different basket of goods than and people. when was the last time grandma and grandpa went out and bought a suite of bedroom furniture. young folks do that. where is older folks spend much more in health care.
weeks as you know today since a gunman broke into sandy hook elementary school, killed 26 teachers and students. an ongoing debate on how to prevents another tragedy from happening, including a suggestion to arm school teachers. take a look what happened yesterday in west valley, utah, west valley city in utah. a six-hour seminar, teachers taught, among other things, how to properly handle a gun. and we have the chair of the utah shooting sports council and casey hansen, a special education teach they're trained to use a gun at clark's class. thank you, both. clark, have you been teaching these courses for a long time. i guess after newtown, you want to kick it up. free instruction to public service workers, teachers, other people other than teachers what do you intend to do? what has the response been? >> well, we're teaching -- pore the past 12 years, we have taught school employees free of charge. a fantastic turnout yesterday. we are not arming teachers. far be it. it's up to them whether they want to obtain the permit and want to get a firearm. it's still up to them if they ca
? >> three things. one is superstorm sandy took a lot of cars off the road. it really reduced demand for gasoline as you know. until recently there have been a number of gas stations in the northeast still without gas. people after realizing they weren't going to have as easy a time getting gas decided to make other plans it the storm itself took some roads out and took some people off the road. number two, there were some refinery issues in california going on at the same time. they've been resolved. that's put more gasoline online. the third thing, this one's important, crude oil prices, which are really the underlying feedstock for gasoline, crude oil prices have remained low. as we are concerned about the fiscal cliff and a slowdown in the world's economy and in asia and in europe. so these are the three factors that have come together to give us a sustained drop in the price of gasoline almost over the last three weeks, wolf. >> is this a short-term development? what's in store over the longer term? >> we're into that lower driving season. obviously, spring and summer are bigger
. the airline says holiday bookings look strong but it estimates a cost of superstorm sandy at 15 to 20 million in operating profits for this quarter. they also planned a 300 head count reduction through attrition they say. back to you. >> all right. thank you so much. house speaker boehner met with the president at the white house for almost an hour last night but there was no immediate sign of progress in resolving the fiscal cliff deadlock. earlier in the day both sides criticized each other for a lack of progress. this was the speaker yesterday. >> republicans must solve this problem by getting the spending line down. the president wants to pretend the spending isn't the problem. that's why we don't have an agreement. >> we're joined this morning by a republican member of the house budget committee congressman mick mulvany of south carolina. congressman, good morning to you. >> hey, guys. thanks for having me. >> it's been quite a week as we watch the progress or lack of progress in these talks and now so much of the attention is being paid to the house republicans and those that agree with
, the hurricane sandy, the track dpi in connecticut, people had a lot on their minds this season. this weekend was a key weekend. i think it helped. i didn't see promotions being extra promotional. but it's a push till the end. >> okay, so winners and losers? >> i think some of the winners, i think you're going to see companies like tjx, macy's. i think american eagle outfitters, even gap had a very good season, along with michael kors. >> losers? >> i think you had a tough time at jcpenney. i think the traffic was tough there all the time. i think kohl's had to be extra promotional in order to be able to drive the sales. and the whole children's sector was very promotional. from gymboree to children's place. >> so, dana, jason trennert from strat eegous. how are you doing? >> good, how are you, jason? >> good. normally retail stocks outperform in january, because i think that phenomenon that andrew was talking about is that there's a general sense that christmas gifts canceled at a certain point and then it comes back at the end and then you wind up having a big january and the stocks tend to
being up. all of a sudden then, we had the impacts of sandy, a tragedy up in newtown, connecticut, and just a lot of other factors that just put a damper on the season. >> so, it is fair to say that it started better than it ended now. >> it started better than it ended. there was a lot of excitement around black friday. i mean it was almost like the super bowl. they have all this advertising, drag people out, it's the biggest event of the year come shopping, and then week after that we had the pro bowl. there was no excitement. there was no reason to come out shopping. so big bang, but it kind of waned as we went into the season. >> how much of the season is in the books now? i mean, what's still left to happen? >> there's a couple of big days still coming. i think this weekend is a big weekend as people redeem gift cards, go into the stores, exchange items for what they're looking for. hopefully get that add-on sale and people start to take advantage of the clearance sale, i would say, though, 95% of it is in the books. we've probably got some strong days ahead of us, though, th
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